Earlier quoted context omitted.
If they are saving a little bit on the side for the short term, inflation will not noticeably hurt them (I am speaking of a well-managed monetary system with mild inflation such as the US). If they want to save for the long term, then they should invest it if they want to maximize gains. That’s what’s best for the individual.
What if they're not interested in maximizing gains? What if they don't want to learn about investing? What if they just want their hard earned money to not evaporate on them?
HodlFeed – a Cryptocurrency Newsfeed
41–50 of 65 posts
Re: HodlFeed – a Cryptocurrency Newsfeed
#42Earlier quoted context omitted.
What if they're not interested in maximizing gains? What if they don't want to learn about investing? What if they just want their hard earned money to not evaporate on them?
target funds https://www.schwabfunds.com/public/file/P-9430864
My uncle told me these cryptocurrencies are an even better investment!
Re: HodlFeed – a Cryptocurrency Newsfeed
#43Hodling is the worst thing about cryptoccurencies most people don't realise. Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things. It promotes holding and not selling. This is the opposite of what a currency is. The more people hold, the less chances there are that Bitcoin or other protocols will be ever used to buy a burger fr…
> Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things. I know this is the commonly accepted reason why inflation is good and deflation is bad. But isn't this just coercion? Here's your paycheck. You better go out spend it like a good consumer because we're going to ensure its value is going to slowly erode over time. Modern ma…
Inflation is either good or bad, depending on the circumstances. Same with deflation.
A currency is important only because it is a medium of exchange. A currency is actually working well if it is slowly decreasing in value, because if it does not then people will hold onto it and not use it, thus making it a commodity. In the longer term, what happens is that people will switch to another method to transfer value, and your currency then becomes worthless as the reason for it storing value is removed.
This is one of the reasons why a deflationary by design cryptocurrency is so dangerous. It seems intuitive in our current thinking to increase value by design, but actually this can have dusasterous consequences. Japan, for instance, has had massive problems with deflation and eventually had to work to counter this for their economic health.
Obviously rampant inflation is dreadful, but that’s not what we are talking about here. Low underlying inflation is, somewhat ironically, an excellent indicator of a healthy economy.
Re: HodlFeed – a Cryptocurrency Newsfeed
#44Seems that the sentiment analysis speedometer graphic can go "too positive" and the needle disappears.
Re: HodlFeed – a Cryptocurrency Newsfeed
#45Just from a frontend perspective, it's a great-looking site/webapp. I would be curious to learn more about your tech choices and the application architecture.
Looks like a React (maybe create-react-app) and Redux job, with:
- lodash
- JSS (cssinjs.org)
- Material-UI (mui.org)
- Highcharts.js
- Popper.js
- Moment.js
- React-select
- Redux-form
judging from the bundled main.js file. [0]
Re: HodlFeed – a Cryptocurrency Newsfeed
#46I like this feed - a more centralized collection of cryptocurrency news, however it is unfortunate that left sidebar does not show currency. At the moment of writing this comment it BTC is worth 13081.8 of something.. is it USD, EUR, LTL?
Currently its in USD, but good point. I will show it in USD and add the ability to change the currency of your choice.
Re: HodlFeed – a Cryptocurrency Newsfeed
#47The website needs comments!
Agreed, will get working on that.
Re: HodlFeed – a Cryptocurrency Newsfeed
#48any details to methodology, which news sites are being used?
also, any plans to add analysis from medium / twitter?
Re: HodlFeed – a Cryptocurrency Newsfeed
#49any details to methodology, which news sites are being used? also, any plans to add analysis from medium / twitter?
Yes medium and twitter are in the pipeline. Sites are being selected based quality of articles.
Re: HodlFeed – a Cryptocurrency Newsfeed
#50Earlier quoted context omitted.
That's very true, but a huge percentage of people recently in the cryptocurrency space are only there to make money. Not many truly care about the technology.
But they make money when they stop holding; otherwise it's just a number.
There are many practices like that, though. E.g. you go for a run and then rest. The run still benefits you, just as holding crypto let's it increase in value. But you eventually stop running to rest, and in the same way, cash out your hold.